April 19, 2026, Night Spot Gold Analysis and Monday Outlook

Good evening, everyone! Last week, spot gold experienced volatile movements, with a gap-down opening on Monday followed by a quick rally to fill the gap, then maintaining high-level oscillations. Although there was a pullback midweek, the overall trend remained strong. Over the weekend, prices surged again to around 4890, closing near 4834.

Currently, the key factor to watch is Trump's tough rhetoric on Iran. The market is likely to be unsettled at Monday's open. If Iran responds strongly and talks in the Strait of Hormuz break down, rising oil prices will boost inflation, and the Fed's rate cut expectations will cool down again. Gold prices are likely to face downward pressure, but the specifics depend on the negotiation results expected tomorrow night.

Short-term support levels are around 4780 and 4750, with resistance levels at 4880 and 4900. Influenced by evening comments, Monday's open may gap lower, but after stabilizing, a recovery trend is possible.

For trading, it is recommended to buy on dips after prices stabilize around 4780-4750 in batches, targeting 4820 and 4850, with proper risk management.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's layout for specific strategies!! $XAU ‌#XAU